Location: 89 offices in Québec
Financing: less than $100,000
Authorized investment: $186M
Jobs created and maintained: 53,695
The Fonds locaux de solidarité allows us to support the local economy by boosting the growth of SMEs, as well as creating and maintaining high-quality sustainable jobs. Businesses can access financial assistance through the FLS via a group of passionate, well-rounded specialists who are committed to local economic development within their regional county municipality (RCM)—or equivalent—or any organization designated by their RCM.
Custom financing for SMEs
Each RCM identifies the industries and projects it would like to promote in its region and submits them to a local investment committee that will select the projects to be financed by the FLS. This financing takes the form of an equity loan or conventional mortgage loan at terms that take the company’s needs and realities into account.